Budget items
A budget has:
- Budget items: a budget item calculates the cost for a specific item. You can enter:
- The description of the item
- Its duration and duration unit: for instance to calculate wages: 12 months
- Its quantity: for instance ‘5 items ‘or ‘3 persons’. You can select an existing unit from the drop-down list or enter a new one.
- Its unit cost:
- Unit cost expressed in the default currency: simply enter the unit cost of the item
- Unit cost expressed in a local currency: enter the number and select a currency from the Currency drop-down list. If the currency you need is not available, use the Exchange rates window to add new local currencies.
- Budget headers: these group a series of budget items. A budget header can also group other budget headers and you can create as many levels as you like. Logframer automatically calculates the totals of the budget header:
- The total duration: a total will only be made if the duration unit of all the items is the same
- The total quantity: a total will only be made if the number unit of all the items is the same
- The total local currency: a total will only be made if the local currency of all the items is the same
- The total cost
You don't have to fill out all the cells for a budget item. You can:
Enter |
Total cost is |
Cost/unit only |
Cost/unit |
Quantity and a cost per unit |
Quantity x Cost per unit |
Duration and a cost per unit |
Duration x Cost per unit |
Duration, quantity and cost per unit |
Duration x Quantity x Cost per unit |
A special kind of budget item is the Ratio budget item. With a Ratio item, you can specify that one cost equals to a certain percentage (ratio) of another item or budget header. To create a ratio item:
- Make sure the Details pane is visible (if not, go to the Lay-out toolbar and in the View section click on Show Details).
- On the Type tab of the Details pane, set the Type to ratio using the drop-down list
- In the table that appears, select the reference row that will be the source for your item
- Specify the ratio as a percentage of the amount you're referring to
A ratio item is practical if you have for instance administration costs that are a fixed percentage of the total working costs, or if you want to calculate an amount for contingencies as a percentage of other costs.
Add new comment